as mentioned in On Tuesday, Facebook will provide an update on those issues and the company's core business with its third-quarter earnings report, and analysts are cautiously optimistic that the company will have good news to report. Facebook is expected to report third-quarter revenue of $13.8 billion, up 34 percent from the same time last year, according to analyst estimates. "The issue with Facebook is structural and with two components," said Gene Munster, managing partner at venture capital firm Loup Ventures. "In the future, the company will face more issues around privacy and waning interest as users increasingly ask themselves what good does Facebook bring them?" Shares of Facebook were trading at about $142 Tuesday morning ahead of the company's earnings report.
collected by :Roy Mark
Millennial investors are loading up Facebook ahead of its earnings (FB)
shares have been tumbling since the social-media giant reported second-quarter earnings on July 25 — but investors on the free-trading app Robinhood have been snapping up the stock. CFO David Wehner warned in July that the company expected a significant slowdown in its revenue growth in the years ahead. According to weekly data tracked by Business Insider, a net of more than 60,000 Robinhood investors have added Facebook to their portfolio since the company reported its second-quarter earnings. There are now 175,541 investors holding Facebook shares on Robinhood's platform, making the social media company the third most-popular stock on the app. "Looking beyond 2018, we anticipate that total expense growth will exceed revenue growth in 2019," he said.as mentioned in
collected by :Roy Mark
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